Last August, Facebook (FB) made the decision to shut down four pages associated with Infowars.com, the controversial media platform for far-right American conspiracy theories and fake news ran by Alex Jones, over allegations of hate speech. However, a recent report by The Washington Post reveals that Infowars-related content continues to thrive on the social media platform under the […]SludgeFeed

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Civic (CVC), a decentralized architecture for identity protection, announced the launch of Civic Connect on Sunday, a new app-to-app integration that allows for blockchain-based user authentication. This system is designed to replace third-party authentication via platforms like Google and Facebook that are facing ongoing data security issues. Introducing CivicConnect: Making seamless app-to-app identity verification a reality https://t.co/S728N6SQjn […]SludgeFeed

Facebook’s gaming hub, fb.gg, has reportedly entered into its live beta for Android devices in certain regions. According to a recent report by TechCrunch, which cites research conducted by Sensor Tower, the beta version of the app is now available on the Google Play store for users located in the Philippines. Beta is exclusively in […]SludgeFeed

Brave Browser has described how a core principle of GDPR called “Purpose Limitation” can be used to prevent anti-competitive behavior by Google and Facebook. In a recent letter to the EU Anti-Trust Chief Margrethe Vestager, the company offered its submission on the topic of shaping competition policy in the era of digitization. PURPOSE LIMITATION TO

Over the past few months, Bitcoin Cash developers have been creating applications that are similar to social media and forum platforms like Reddit, Facebook, and Twitter. Anyone in the world can use these Bitcoin Cash-powered applications such as Memo, Blockpress, Keyport, and Matter which offer censorship-resistant versions of these social media giants.

People who have lost their entire savings to fraudulent bitcoin investment schemes advertised on Facebook are turning suicidal, Martin Lewis says. The U.K.-based consumer advisor, who runs MoneySavingExpert.com, blamed Facebook for causing the financial catastrophe by promoting scam ads on its trusted social network, many featuring himself. Lewis in April launched a lawsuit against the

The fake Facebook Bitcoin ads have scammed people out of thousands and have been destroying lives. The English millionaire – who made his money off consumer advice – Martin Lewis has begun to sue Facebook over these ads trading off his trusted reputation. He said he has been told stories of people’s savings being completely wiped from their lives and leaving some feeling suicidal.

Lewis wants Facebook to improve its process for dealing with ads which are scams and put things right for who have lost money from them as well as apologising to the victims. Read more...

The latest news out of Facebook this week is that the social network has been subject to yet another mass data hack, one that calls into question once again the integrity of users data on Facebook. These sorts of hacks are becoming more and more common within social networks and mark very bad news for the likes of Mark Zuckerberg who are trying to make their platforms a safer place.

The reality of it all is this – current technology is not strong enough to hold off hacks and attackers, the tech industry now demands a new alternative, an alternative that can be found in blockchain technology. Read more...

On September 25th, Facebook reported a security issue that affected almost 50 million users. Hopefully, this security breach will drive Facebook management to accelerate its efforts to improve data privacy by incorporating blockchain technology.

50 Million Facebook Accounts Were Vulnerable

A Facebook vulnerability affecting almost 50 million user accounts has been the most significant security incident suffered by the company to date. According to a company security update, undergoing investigations so far reveal that,

Earlier this week, we discovered that an external actor attacked our systems and exploited a vulnerability that exposed Facebook access tokens for people’s accounts in HTML when we rendered a particular component of the “View As” feature. Read more...

Facebook, without a doubt the worlds biggest social network. Rife with controversy, uncertainty and questionable compulsiveness, there’s a chance that you probably just switched Facebook off to come and read this article. Hey, you might even have seen the article shared on Facebook.

What we are trying to put across here, is the sheer size of Facebook as a social network and as a site of cultural phenomenon. Facebook have an international reach with more than 2.2 billion users and a net income of $ 15.943 billion in 2017. Read more...

Coinbase, the San Francisco-based cryptocurrency exchange already valued as high as $ 8 billion by itself, had a couple more additional positive developments recently. The company reportedly landed a $ 20 billion prime client and got its ads reinstated on Facebook.

$ 20 Billion Hedge Fund

Coinbase has been focusing on big institutional money recently, launching a custodial service this month and, earlier this year, establishing Coinbase Prime, a suite of tools specifically designed for institutions, along with an institutional coverage group headquartered in New York City to provide a higher level of service to these type of clients. And the strategy has apparently now started to bear fruit. Read more...

Real-time gross settlement system, currency exchange, and remittance network Ripple has announced the addition of Kahina Van Dyke to its leadership team as the new senior vice president of business and corporate development. The banking and technology veteran “will focus on driving new, strategic partnerships for Ripple across the global financial services industry.”

‘Bringing Leading Brands Together Through Partnerships’

Van Dyke most notably led global teams at traditional financial institutions like Mastercard and Citibank. However, she most recently served as the leader of Facebook’s Global Financial Services team. Read more...

Facebook appears to be strengthening its interest towards blockchain technology and possibly its own cryptocurrency as the world’s largest social media platform just appointed its very first Director of Engineering, Blockchain.

Who is Evan Cheng?

The social media giant named Evan Cheng as its first Director of Engineering, Blockchain, TechCrunch reported. Cheng has been part of Facebook since 2015, according to his personal LinkedIn profile. A closer look at his background reveals his long-term experience in the field of computer engineering. Interestingly enough, before getting to his new position, he served as the Director of Engineering, Programming Languages & Runtimes at the company. Read more...

Facebook has reversed its blanket ban on cryptocurrency ads and will now allow pre-approved crypto businesses to advertise. However, ICOs and binary options will still be prohibited from the platform.

In a published blog post, Facebook Product Management Director Rob Leathern said the company has refined the policy and will now “allow ads that promote cryptocurrency and related content from pre-approved advertisers.”

Facebook’s January ban on cryptocurrency ads stemmed from ICO scams and the lack of regulation in the space at the time. The company was heavily criticized for the broadness of its ban which it justified by saying it was “intentionally broad while we work to better detect deceptive and misleading advertising practices.” Read more...

New rumors are circulating that social media giant Facebook has plans to purchase the US’ biggest digital currency exchange, Coinbase, as part of an apparent U-turn on cryptocurrency.

Acquisition ‘Not Surprising’

Following initial suspicions in mainstream media earlier this month, UK publication The Independentrenewed the likelihood of a buyout Wednesday — quoting a source who said he wouldn’t be “surprised” if a deal occurred.

“It wouldn’t surprise me if Facebook made an attempt to acquire Coinbase,” tech entrepreneur Oliver Isaacs said. “Whether [Coinbase CEO] Brian Armstrong and the team would agree is another question.”Read more...

Facebook’s silence around blockchain was deafening. Louder still were the voices of speculation over its lack of comment. If one of the largest tech companies in the world wasn’t jumping on the blockchain train, perhaps the whole thing was smoke and mirrors after all. Then Bitcoin nose-dived, Facebook banned cryptocurrency ads, and blockchain skeptics had a field day. Until earlier this month, that is.

At long last, the social media giant responsible for putting the world on the web announced its intention to “explore” the possibilities of blockchain tech for its family of brands. It was an ambiguous statement which sparked understandable curiosity from the crypto community and technophiles alike.Read more...

Microsoft Corp. announced earlier this week that its native search engine, Bing, will ban all cryptocurrency-related ads by July of this year.

The announcement was made in an official blog post in which the company’s Advertiser Policy Manager, Melissa Alsoszatai-Petheo, made it known to users that in the spirit of “constant work-policy evaluation” and in order to ensure that customers were being provided with the safest and smoothest online experience, Microsoft would ban all crypto-related ads.

The blog post read:

Because cryptocurrency and related products are not regulated, we have found them to present a possible elevated risk to our users with the potential for bad actors to participate in predatory behaviors, or otherwise scam consumers. Read more...

Historically, Facebook has done a great job of staying on the cusp of technological advancement through investing heavily in new technologies and smart acquisitions. From WhatsApp to Oculus, the company has used its bulging bank balances to stay one step ahead of consumer trends by snapping up tech and talent. And, after last week’s internal announcement that Facebook would be investing heavily in a new blockchain technology research wing, headed by David Marcus, one of the company’s top execs, leader of its Messenger platform and a former CEO of PayPal, it is quite obvious which new emerging technology the company has its sights set on now. Read more...

Today’s edition of Bitcoin in Brief showcases the continued rapid pace at which the cryptocurrency revolution is disrupting all segments of the business world, from the adult entertainment industry, to stock exchanges and even social networks.

Stripper Promotes Bitcoin for the Adult Industry

Brenna Sparks, the exotic dancer last featured in the news about a Las Vegas club where strippers accept bitcoin payments via QR tattoos, has published a blog post in an adult entertainment industry portal explaining the advantages of cryptocurrency to her colleagues. While she notes it can help with privacy, fixing piracy and other issues, the main advantage is helping people in the business avoid paying almost 50% to middlemen. Read more...